Bottomed and Going to Run? Mega Proxy for Gold and Iran, page-16

Fangk

I suggest you read the posts by Deniel over the last 18 months or so. He is the most clued up poster on KCN's situation. The only think I worry about there is that the payment to KCN could take a long time to occur, and KCN does burn cash on its Chile project and in pursuing its litigation claim - this could result in the need to raise some capital!

As for OGC, I think that because of its level of production (both actual and potential) and management, its likely to appreciate somewhat if the gold price takes off meaningfully, but not to the extent of other mid tier goldies that do not face OGC's country risk issues at Dipidio.

The thing with pretty much all the goldies is that you can never just hold them and relax for an extended period - there are too many things that could, and sometimes do, go wrong. I would not say that the producer goldies I am holding are not without considerable risk, its just that I did OK with my timing in buying in. (I also got some DCN shares after they fell last year, when I could see the case for their survival given the higher AUD POG, but not enough of them and at about 55% above the bottom price).

loki